Plastic Omnium : H1 earnings above expectations, a solid and encouraging start to the year
>Better than expected release (+4% at EBIT level, +26% at FCF) - Plastic Omnium H1 2023 earnings released this morning came in above expectations (sales 1% above, EBIT 4% above, FCF 26% above). On top and as expected, the supplier also confirmed its FY outlook which we however see as based on an increasingly conservative FY 2023 LVP assumption with S&P gradually increasing its forecast in the past months (+5.3% vs +3.1%% in February), thus increasing the confidence re...Compagnie Plastic Omnium is a manufacturing and services company which partners with car manufacturers and local communities, through its two core businesses which are Automotive Equipment and Environment. Co.'s activities can be divided into two divisions: the Automotive division and the Environment division. The Automotive division designs, manufactures and sells vehicle body parts (exterior parts and modules) and plastic fuel systems. The Environment division provides products and services for local authorities, including waste pre-collection and management equipment and services, and road and highway signage.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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